Rupee impact: Can Subbarao stick to promise of not raising interest rates?

... While it is valid to argue that inflation in the economy is also triggered by supply-side issues, the point to note is that a cash-strapped government can do pretty much do nothing to alleviate pressure from that front. That puts the onus of managing supply and demand pressures in the economy back on the RBI governor.
For Subbarao, the promise of holding off on interest rates just got that much harder.....

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